GPF Interest at the rate of 7.1 Percent from 1st April 2020

Department of Economic Affairs has published a resolution declaring the GPF Interest at the rate of 7.1 Percent from 1st April 2020. The General Provident Fund and other similar funds shall carry this interest rate up to 30th June, 2020.

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)F.NO.5(2)-B(PD)/2020Government of IndiaMinistry of FinanceDepartment of Economic Affairs(Budget Division)

New Delhi, the 7th April, 2020

RESOLUTION

It is announced for general information that during the year 2020-2021, accumulations at the credit of subscribers to the GPF and other similar funds shall carry interest at the rate of 7.1 Percent (Seven point one percent) w.e.f. 1st April, 2020 to 30th June, 2020. This rate will be in force w.e.f. 1st April,2020. The funds concerned are: